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Bernstein Keeps Their Sell Rating on Campbell Soup (CPB)

Tipranks - Fri Jun 12, 4:12AM CDT

Bernstein analyst Alexia Burland Howard maintained a Sell rating on Campbell Soup yesterday and set a price target of $18.00. The company’s shares closed yesterday at $22.88.

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According to TipRanks, Burland Howard is an analyst with an average return of -8.5% and a 40.49% success rate. Burland Howard covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, Kraft Heinz, and Tyson Foods.

In addition to Bernstein, Campbell Soup also received a Sell from Barclays’s Andrew Lazar in a report issued yesterday. However, on June 9, TD Cowen assigned a Hold rating to Campbell Soup (NASDAQ: CPB).

Based on Campbell Soup’s latest earnings release for the quarter ending May 3, the company reported a quarterly revenue of $2.37 billion and a net profit of $124 million. In comparison, last year the company earned a revenue of $2.48 billion and had a net profit of $66 million

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CPB in relation to earlier this year. Earlier this month, Bennett JR Dorrance, a Director at CPB bought 300.00 shares for a total of $6,435.00.

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